Monthly Archives: July 2019

N.Y. Department of Financial Services Grants More Cryptocurrency Licenses

On July 15, 2019, the N.Y. Department of Financial Services (the “DFS”) announced that it granted virtual currency licenses to two subsidiaries of Seed CX Ltd. as part of its supervisory authority under the so-called “Bitlicense Law“, bringing the total to four since DFS Superintendent Linda Lacewell became head in February. ¬†Seed Digital Commodities Market… Read more »

EU GDPR Shows Teeth

In case one got the impression that the EU’s General Data Protection Regulation (the “GDPR”) was toothless, the U.K.’s Information Commissioner’s Office (the “ICO”) announced on July 9, 2019 that it would fine Marriott International over 99 million pounds ($124 million).¬† The fine is in relation to a 2018 breach for failing to examine and… Read more »